Source:
https://scmp.com/presented/business/topics/invest-overseas-properties/article/3006369/regency-heights-connected
Business

Regency Heights: connected London living without the price tag

Part of the UK's largest regeneration project, Regency Heights in Park Royal is a chance to invest in London's most significant new district.

[Sponsored Article]

London has timeless appeal for overseas property buyers, and investing in the UK capital isn't only for the wealthy. Those deterred by Central London property prices can find bargains and high returns by looking west to Old Oak and Park Royal, the UK's largest regeneration area centered on one of London's major transport hubs.

Just over 20 minutes from the city center by road or rail, the £26 billion (HKD 267.25bn) regeneration masterplan for the district will see Old Oak Common become the only high-speed rail interchange served by both Crossrail and HS2. Improving access across London, South East England and the wider UK, this will serve to make property in the area even more sought-after and is expected to drive up prices and rents considerably in the coming years.

This burgeoning area is already seeing high demand from high-end tenants attracted by cheaper prices than Central London. Even in the early stage of regeneration, property values for single-bed and three-bedroom apartments in NW10 increased by 56 percent from 2013 to 2018, with rent values up 13 to 17 percent over the same period. The arrival of Crossrail, HS2 and other amenities will see this price growth accelerate in the years ahead.

Regency Heights by Fairview Prestige will be one of the large-scale residential developments to welcome residents as part of the Park Royal regeneration. Seven minutes on foot from Park Royal Underground station, this collection of spacious studios and one, two and three-bedroom apartments offers convenient access to the city without the high cost of a central postcode.

Well-connected hub

With its two new 'super hub' railway stations, Park Royal's interchange will serve around a quarter of a million passengers daily. The sights and sounds of Central London are just over 20 minutes away by rail and Heathrow Airport a 25-minute drive for international connections, while the forthcoming HS2 high-speed railway will significantly reduce journey times from London to the UK's other major cities.

Supplementing the new retail, dining and leisure amenities brought to the area, the fashionable neighborhoods of Ealing and Chiswick are close by, offering a selection of Michelin-starred restaurants, high-end boutiques, markets and cultural venues to serve the growing community. For serious shopping, Westfield, Ealing Broadway and Brent Cross shopping centers are just minutes away.

Around this urban expansion, Park Royal will retain its natural beauty with parklands, lakes, landscaped gardens and other green spaces ideal for relaxation, cycling and family time. Families with children will find plenty of options for schools and higher education establishments in the local area, including the local University of West London. Major institutions such as the University of Westminster, University College London (UCL) and King's College are less than 40 minutes away through the area's excellent transport links.

Stylish contemporary homes

Regency Heights stands at the heart of the Park Royal regeneration, offering convenient accommodation for aspiring Londoners, professionals and entrepreneurs and an opportunity to invest in London's most significant new district.

Comprising 807 homes across three eye-catching buildings up to 90 meters tall, Regency Heights commands far-reaching views over the city through large windows and private balconies or terraces. All apartments have been finished to a high standard with natural stone counters and tiles, high-end Zanussi appliances and state-of-the-art security features.

Phase one of Regency Heights is estimated to complete by 2021 and a number of units are now available for reservation. To find out more about this investment opportunity, investors are invited to attend JLL's exhibition on Saturday 27 and Sunday 28 April at the Mandarin Oriental, Hong Kong.

Exhibition details

Date: 27-28 April
Time: 11am-7pm
Venue: Statue Square Room & Alexandra Room, 2/F, Mandarin Oriental Hong Kong, 5 Connaught Road, Central, Hong Kong.

For more information about Regency Heights and other residential properties in London, click here or contact JLL International Properties at +852 3759 0909 or [email protected].